Attached files
| file | filename |
|---|---|
| 8-K - FTE Networks, Inc. | v205813_8k.htm |
| EX-99.1 - FTE Networks, Inc. | v205813_ex99-1.htm |
Exhibit
99.2
 |
Contact:
Bruce
Widener, CEO
502-657-3507
investors@askbeacon.com
Porter,
LeVay & Rose, Inc.
Marlon
Nurse, V.P. – Investor Relations
212-564-4700
Halliburton
Investor Relations
Geralyn
DeBusk, President, or Hala Elsherbini, COO
972-458-8000
|
Beacon
Enterprise Solutions Awarded New Engagements Worth $2.3 Million in
2011
LOUISVILLE, KY, December 16, 2010 —
Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com),
an emerging global leader in the design, implementation and management of high
performance Information Technology Systems (ITS), today announces two new
engagements collectively worth approximately $2.3M have been awarded with a
Global Fortune 100 client ($2M) and through the Company’s Master Marketing
Agreement ($0.3M) with Controlco Sustainable Solutions Group (CSSG), which was
announced November 29, 2010.
“We are
excited to broaden the project scope with this Global 100 client and to start
on-boarding the first joint client in our marketing relationship with
Controlco,” stated Bruce Widener, COO of Beacon Solutions. “Most
importantly, 100% of the $2.3M in expected revenue is new organic growth that we
should realize in the first half of 2011 and is not part of our previously
announced Project Backlog. Our sales teams are utilizing our channel
strategy to bring on new clients as well as to increase business with existing
clients.”
Under the
Global Fortune 100 engagement, Beacon will utilize two of its four ITS
disciplines, Service Delivery Management (SDM) and ITS Engineering (IE) for the
purpose of completing ITS infrastructure assessments in 28 client sites
initially and 210 other locations throughout the project. The client
sites are in locations through-out the world, including North America, Europe,
Asia Pacific, South America and Mexico.
The
second engagement was solidified through the Company’s Master Marketing
Agreement with Controlco to pursue joint ITS infrastructure
clients. The scope of work for the first joint project will be
performed by Beacon’s ITS Construction Management (ICM) technical business unit
and focuses on providing energy management data to the client through the
installation of electrical power metering and supporting network infrastructure
for a number of United States based retail shopping centers.
“This
first project consummates our commercial relationship with Controlco and is
evidence of the demand for services within the Smart Enterprise vertical market,
launched at the beginning of this fiscal year,” stated Jerry Bowman, COO of
Beacon. “Our US-based teams have been training and doing site
assessments for several weeks in preparation for the launch of this project
prior to year’s end. We look forward to working with Controlco on
this project and other marquee client initiatives as our relationship continues
to evolve. This project holds promise to be the start of many
projects with CCSG in what we consider to be a strong growth-vertical for
Beacon.”
Aggregate
Future Value of Project Backlog
Aggregate
Future Value of Project Backlog reflects the projected revenue impact of
existing engagements over a one to four year period and is subject to change as
work is completed and/or the scope of various engagements changes over time.
This number includes the projected value of previously announced, multi-year ITS
managed services engagements as well as short-term projects for which the
Company has been engaged to provide ITS Engineering (IE), Service Delivery
Management (SDM), ITS Contract Services (ICS) and/or ITS Construction Management
(ICM).
About
Beacon Enterprise Solutions Group, Inc.
Beacon
Enterprise Solutions Group is an emerging global leader in the design,
implementation and management of high performance Information Technology Systems
(“ITS”) infrastructure solutions. Beacon offers fully integrated,
turnkey IT infrastructure solutions capable of fully servicing the largest
companies in the world as they increasingly outsource to reduce costs while
optimizing critical IT design and infrastructure management. Beacon
is headquartered in Louisville, Kentucky, with a regional headquarters in
Dublin, Ireland, Prague, Czech Republic and personnel located throughout the
United States and Europe.
For
additional information, please visit Beacon’s corporate website: www.askbeacon.com
This
press release may contain “forward-looking statements.” Expressions of future
goals and similar expressions reflecting something other than historical fact
are intended to identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements may include, without limitation, statements about our market
opportunity, strategies, competition, expected activities and expenditures as we
pursue our business plan. Although we believe that the expectations
reflected in any forward looking statements are reasonable, we cannot predict
the effect that market conditions, customer acceptance of products, regulatory
issues, competitive factors, or other business circumstances and factors
described in our filings with the Securities and Exchange Commission may have on
our results. The company undertakes no obligation to revise or update
any forward-looking statements in order to reflect events or circumstances that
may arise after the date of this press release.
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